- Anchorage Digital will provide custody for BlackRock’s growing portfolio of spot crypto ETPs.
- The partnership includes over 50 billion dollars in assets under Anchorage’s secure custody solutions.
- Anchorage is the only federally chartered crypto bank offering regulated custody to major institutions.
Anchorage Digital will provide custody services for BlackRock’s spot cryptocurrency exchange-traded products (ETPs). The new agreement strengthens their existing partnership and expands Anchorage’s role. The custody provider will now manage a wider range of BlackRock’s digital asset funds.
The arrangement supports growing demand for regulated digital asset exposure. Anchorage will oversee assets exceeding $50 billion under management across multiple ETPs. BlackRock aims to enhance asset protection while meeting increased interest from institutional and retail investors.
Anchorage to Support Spot Bitcoin ETF and Future Products
Anchorage will offer custody for BlackRock’s recently approved spot Bitcoin ETF. It may also support future crypto-related products. The firm’s infrastructure meets institutional requirements for safety, segregation of funds, and regulatory oversight.
Anchorage provides what is known as bankruptcy-remote custody. This structure separates customer assets from company funds, offering protection in the event of insolvency. Anchorage also uses biometric authentication and offline private key storage to reduce cyber risk.
Anchorage Maintains Regulatory Advantage in Custody Market
Anchorage remains the only federally chartered crypto bank in the United States. This designation sets it apart from many other service providers. The status allows it to serve clients with full regulatory compliance under federal banking laws.
BlackRock joins a list of firms using Anchorage services, including Visa, 21Shares, Copper, and Cantor Fitzgerald. Anchorage has previously supported BlackRock’s BUIDL fund and other crypto initiatives. The new partnership deepens Anchorage’s presence in the regulated crypto infrastructure space.
Institutional Demand Drives Custody Expansion
The joint venture indicates the increasing institutional focus on cryptocurrency investment opportunities. Asset management firms are actively creating exposure to digital assets through products that adhere to regulatory standards. Fidelity and other firms launched new ETFs that support investments in assets like Solana as part of their market entry.
Anchorage’s selection signals market confidence in its custodial systems. It offers stability for institutions navigating a growing but volatile digital asset landscape. BlackRock’s decision aligns with its broader strategy to combine traditional finance and digital assets.
Anchorage’s continued role may help bridge this transition by ensuring asset safety and compliance. The partnership adds momentum to Anchorage’s position as a preferred provider in the crypto custody industry.
